Microtech Pharma Surges 103% on Hong Kong IPO Debut; Sensorium Rises 4.3%

On June 24, two Hong Kong IPOs listed on their first trading day. Biotech firm Microtech Pharma (02335) soared 103% to close at HK$36.9, significantly above its IPO price of HK$18.2. Robotics company Sensorium (06106) gained 4.3% to HK$106, compared to its IPO price of HK$101.6.

Microtech raised HK$989 million in net proceeds with public offer subscriptions oversubscribed 1,180 times. Sensorium gathered HK$995 million with subscriptions oversubscribed 5,933 times.